Active

1860 9th St

Santa Monica CA, 90404

$5,999,000


$523.66 per sqft

Active

28 Beds

22 Baths

11,456 sqft

Multi-family

Built in 1955

We are pleased to present a fifteen (15) unit apartment building located at 1860 9th Street in Santa Monica, California. The subject property is located in a prime Santa Monica location just north of Lincoln Boulevard and west of Pico Boulevard. Built in 1955, this property contains an excellent unit mix of one (1) studio / one-bathroom unit and fourteen (14) two-bedroom / one and a half-bathroom units. The property consists of a double-lot with one being zoned commercial. All units face the well-maintained inner courtyard. The units boast a ton of character with lovely tile and wood flooring, tile counters, French doors, antique light fixtures, and other built-in decorative elements. There is shared laundry on-site with newer Maytag high efficiency appliances. This rare, mid-size asset goes street-to-street with eight (8) garage parking spaces off of Lincoln Court, three (3) covered carports with storage spaces above, and seven (7) uncovered interior parking spaces. Most of the storage can be rented for additional income, and there is a private storage room attached to the southern garage. There is great potential to convert the garage spaces into multiple ADU units. Tenants will love living only one (1) mile to Santa Monica Pier, with easy access to major transportation and some of the strongest employment hubs available throughout Los Angeles County. Situated in a prime Santa Monica location, this offering presents an excellent opportunity for any investor to capitalize on the strong initial cash flow coupled with the opportunity to build out multiple ADU(s) with a very favorable loan assumption.

24-371213

MLS ID

March 20, 2024

Listed

July 13, 2024

Updated

Map

1860 9th St
Santa Monica CA, 90404

Interior Features

Total Stories

2


Bedrooms

28


Total Bathrooms

22


Appliances

Built-Ins, Range/Oven, Refrigerator, Washer, Dryer


Laundry Description

Laundry Area


Floor Description

Wood, Hardwood


Fireplace

Yes


Fireplace Description

Decorative


Cooling

Yes


Cooling Description

Air Conditioning


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.33 Acres


Lot Features

2-4 Lots, Lawn, Yard, Alley Paved

Other Property Details

Area Name

Santa Monica


Days on Market

8


Garage

Yes


Garage Spaces

8


Parking

Carport, Built-In Storage, Uncovered, Garage, Covered Parking, Gated


Parking Total

18


View

Yes


View Description

City


County

Los Angeles


Pool

No


Pool Features

None


Zoning

SMR2-C4*

Listed by Jason Tuvia with Marcus & Millichap
Listing Contact: 818-448-4415 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Lee LaPlante shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 7/13/2024

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